5 Killer Stats

£1 billion

Price cuts promised by Asda and Sainsburys

The two supermarket giants are trying to merge, but regulators have expressed concern that the combined group would carry too much weight when it comes to setting prices. Their defence is that greater buying power would mean lower prices for consumers and in a bid to convince the Competition and Markets Authority, they have this week made a pledge to deliver against this. So far, investors don’t appear impressed – Sainsbury’s shares are lower on the week.

£1 billion

$23 billion

Lyft Valuation

Ride share company Lyft, a rival of Uber, is looking to sell shares on the New York stock market in a bid to raise cash. The IPO – Initial Public Offering – will see less than 10% of the company being sold for around $2bn, but gives the business a valuation that’s slightly more than Sainsbury (£5.1 bn), Morrisons (£5.3bn) and Marks & Spencer (£4.3bn) all together.

$23 billion

Down 5.7%

FedEx Shares

The global delivery company issued an earnings update this week. Revenues were up, but rising costs saw profits squeezed and the company has lowered its outlook for the year ahead. As a result the share price fell 5.7% on the day. Organisations like this are highly susceptible to downturns in the global economy, as lower spending means fewer goods needing to be shipped.

Bubble Person carrying a packet using a crate by adlerweb

Down 5.7%

Up 17%

Inmarsat Shares

The satellite communications firm may have lost an edge with phone coverage, but it has found a new niche in supplying internet connectivity to passengers on commercial flights. This week the company announced it was in talks regarding a possible $3.2 billion takeover, which sent shares soaring amidst hopes that a bidding war could now follow.

satellite antenna (dish) by hatalar205

Up 17%

82.5p per share

JD Sports offers to buy Footasylum

Less than 18 months ago, Footasylum floated on the stock market with a valuation of around £170 million, but this week the company alongside JD Sports recommended to its shareholders that the two businesses merge. Given the difficult state of much of the UK retail market, Footasylum’s shares have struggled since coming to market and this deal would value the business at just £90 million.

Sneakers by algotruneman

82.5p per share

For information purposes only, not intended to constitute financial advice from us. The customer should assess the risk of  potential loss carefully and individually before investing in any financial products. Dabbl Group Limited is authorised by the FCA under the reference numbers 767263 as an appointed representative of its Principal firm VIBHS Financial Ltd, which is authorised and regulated by the Financial Conduct Authority under the reference number 613381.